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15118654 ACCA CAT Paper T10 Managing Finances Solved Past Papers

15118654 ACCA CAT Paper T10 Managing Finances Solved Past Papers

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10/31/2012

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Certified ACCounting teChniCiAn exAminAtion
SAmple multiple ChoiCe queStionS – June 2009
Paper T10Managing Finances
Sc A y
All questions are compulsoryNote: Section B of the actual exam paper will contain four written questions
FOR FREE CAT & ACCA RESOURCES VISIT: http://kaka-pakistani.blogspot.com
 
2
t w ss a yca  s a w aa  Sc A   aa a  J 2009was. t w b a a   ss  sc A.A ss  Sc A w b w w aks ac.1
The following statements have been made about the benefits of debt finance compared to equity finance:Statement 1: Interest payments on debt attract tax relief.Statement 2: Control of the company is diluted.
Wc   abv sas s ?A
Both of them 
B
Statement 1 only 
C
Statement 2 only. 
d
Neither of them. 
(2 aks)2
The selling price for a product is $62. It takes 2 hours of skilled labour to make the product and 3 kg of materials. Fixedoverheads are $435,000 per annum. The cost of labour is $11 per hour and materials cost $6 per kilogram. Variableoverheads are absorbed at the rate of $5 per direct labour hour. The company’s budgeted sales for the product for thenext year are 100,000 units.
Wa s  cb     c?A
$12 
B
$22 
C
$23 
d
$17 
(2 aks)3
The break-even sales revenue for a product is $235,000. The selling price of the product is $25 per unit.
 i b sas a 10,000 s, wa s  a  say,  s? A
400 
B
10,000 
C
9,400 
d
600 
(2 aks)
FOR FREE CAT & ACCA RESOURCES VISIT: http://kaka-pakistani.blogspot.com
 
3
4
Extracts from a company’s accounts show the following balances:
$000
Inventories 114Trade receivables 216Cash 42Trade payables 180Bank overdraft 60
Wc   w s  cay’s ck a, caca   as w ca acs?A
1.55 
B
1.08 
C
2.07 
d
1.43 
(2 aks)5
The following statements have been made about inflation:Statement 1: Inflation leads to a distribution of income and wealth.Statement 2: If a country has a higher rate of inflation than its partners, its imports become relatively more expensiveand its exports become relatively cheaper. 
Wc   abv sas s ?A
Both of them 
B
Statement 1 only
C
Statement 2 only 
d
Neither of them 
(2 aks)
 
6
The net present value of a proposed project is $20,000 at a discount rate of 5% and $(28,000) at 10%.
Wa s  a a     jc,   as  ca ac?A
7.1 % 
B
7.5 % 
C
2.3 % 
d
8.6%
(2 aks)7
A company is considering increasing its credit period to customers from one month to two months. Annual revenue iscurrently $1,200,000. It is expected that the increased credit period would increase sales by 25% and result in anincrease in profit of $45,000, before any INCREASE in finance charges have been taken into account. The company’scost of capital is 10%.
Wa s  aca c  s sa, a ak  acc ay cas  acs cas?A
Increase in profit of $35,000 
B
Decrease in profit of $35,000 
C
Increase in profit of $30,000
d
Decrease in profit of $30,000
(2 aks)
FOR FREE CAT & ACCA RESOURCES VISIT: http://kaka-pakistani.blogspot.com

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